This bill amends existing New Jersey law to exempt the recording of deeds for preserved farmland from the realty transfer fee when the buyer is a qualified beginning farmer. Specifically, it adds a new exemption for deeds conveying preserved farmland to individuals who possess a written certification from the Department of Agriculture, indicating their status as a beginning farmer. The bill also establishes a process for the Department of Agriculture to issue this certification, which will include eligibility criteria and necessary documentation.

The bill aims to encourage new farmers to enter the agricultural sector by removing financial barriers associated with purchasing preserved farmland. It highlights the need for initiatives to support the next generation of farmers, as the average age of farmers in New Jersey is notably high. By aligning with similar provisions in Pennsylvania's Farm Bill, this legislation seeks to enhance the sustainability of farming in New Jersey and ensure the continuation of agricultural practices in the state.

Statutes affected:
Introduced: 46:15-10